Positive Sentiment Expected to Persist in Monero (XMR) as Prices Surge by 0.94% By CoinEdition

• The bull run in the Monero market is expected to continue, according to technical indicators
• Bulls in XMR need to keep pushing prices higher to maintain the current uptrend
• The intraday peak of $147.91 presents resistance for the bulls

Bulls gained control of the Monero (XMR) market after establishing support around $144.24, driving prices higher throughout the day. As of press time, the bulls had succeeded in raising the price to $147.52, a 0.94% rise.

Market capitalization for Monero (XMR) has increased by 0.80% to $2,688,677,477, while the 24-hour trading volume has increased by 13.83% to $63,496,434, both of which point to rising market volatility.

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